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In Depth: Why Hong Kong Faces a Recession

2019年08月29日 19:44 来源于 财新网
Recent social events have taken a toll on Hong Kong’s economy, hitting the tourism and retail industries, but the city’s broader economic decline has a long tail

Hong Kong is on the verge of recession. Government data released on Aug. 16 showed that in the second quarter, the city’s GDP grew only 0.5% from the same period last year — its slowest increase in nearly a decade. It was also down 0.4% on the previous quarter.

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